Kairous Acquisition Corp. Limited (NASDAQ:KACL) Short Interest Update

Kairous Acquisition Corp. Limited (NASDAQ:KACL) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 2,600 shares, a growth of 116.7% from the September 30th total of 1,200 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 3,900 shares, the short-interest ratio is currently 0.7 days.

Kairous Acquisition Price Performance

NASDAQ KACL remained flat at $12.38 on Friday. 3 shares of the company’s stock traded hands, compared to its average volume of 11,225. The business has a 50-day moving average price of $12.21 and a two-hundred day moving average price of $12.04. Kairous Acquisition has a 52 week low of $10.94 and a 52 week high of $12.83.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kairous Acquisition stock. Clear Street LLC acquired a new stake in shares of Kairous Acquisition Corp. Limited (NASDAQ:KACL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 5,556 shares of the company’s stock, valued at approximately $67,000. Clear Street LLC owned about 0.15% of Kairous Acquisition at the end of the most recent quarter. Institutional investors and hedge funds own 36.35% of the company’s stock.

About Kairous Acquisition

Kairous Acquisition Corp. Limited does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus on opportunities in Asia, excluding China.